Swedish photonics startup Solinide raises €4m
Solinide Photonics, a Swedish developer of SiN photonic integrated circuits for optical interconnects, has closed a €4m seed funding round from six investors in order to commercialise its patented SiN technology and prepare for scalable manufacturing..
The company’s photonics chips and microcomb technology, spun-out from Chalmers University of Technology, address one of AI infrastructure’s biggest challenges; moving vast volumes of data between chips without a matching rise in power consumption. Solinide’s multi-wavelength laser sources are designed to scale with future generation of hardware while reducing the power, cost and footprint of every optical link.
The €4m investment is co-led by Navigare Ventures and PSV Hafnium, alongside Chalmers Ventures, Turbine Capital, Norrsken Evolve and Almi Greentech Fund. The broad seed-investor consortium brings deep expertise across industrial technology and company building.
The funding will support Solinide as it moves simultaneously on technology readiness, commercialisation and market adoption – three areas particularly capital-intensive for photonics and semiconductor companies.
Solinide has demonstrated that its microcomb technology can achieve the performance required for data centre links and deliver an integrated rack-mounted product. A key priority now is preparing for commercial readiness, launch and real-world deployment with the aim of sharing product news very shortly,” said Marcello Girardo, CEO, Solinide Photonics.
“We are thrilled to have the confidence of prominent investors in Solinide’s team and technology. The capital raise will support expansion of the engineering and commercial teams, strengthen Solinide’s in-house prototyping capabilities, manufacturing readiness in Europe and resources to deepen collaboration with strategic industry partners,” adds Girardi.
Jakob Rybak-Andersen, managing partner at PSV Hafnium, “Solinide’s unique technologies and highly skilled team place the company in a strong position to excel in photonics technology development globally and achieve go-to-market success. Our focus is to support Solinide in bringing its groundbreaking technology to the global market which we will do together with our strong group of Nordic co-investors.”
